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Monthly Review Of DivGro: March 2021

Apr. 05, 2021 8:40 AM ETCSCO, PM, TSM, DBX24 Comments
FerdiS profile picture


  • I review my portfolio of dividend growth stocks, DivGro, providing a summary of transactions and the impact of those transactions on projected annual dividend income.
  • In March, I added shares to one existing position and reduced the size of two existing positions. I also opened a new position by investing in a growth stock that does not pay dividends.
  • Four DivGro stocks announced dividend increases in March and I'm happy to report that DivGro set a new record for monthly dividend income of $4,459.

Welcome to the March review of DivGro, my portfolio of dividend growth stocks. I present details of any buys or sells, and I provide a summary of dividends collected. Additionally, I look at how the month's activities have impacted DivGro's projected annual dividend income (PADI).

In March, I added shares to one existing position and reduced my holdings in two positions. Additionally, I opened a new position in a growth stock that does not pay dividends. Four DivGro stocks announced dividend increases in March. The net result of these changes is that PADI decreased by about 1.4% in March. Year over year, PADI increased by 17.9%.

As for dividend income, in March I received dividends totaling $4,459 from 46 stocks in my portfolio, a year over year increase of 29%. This is a new record for monthly dividend income! So far in 2021, I've collected $8,887 in dividends, or about 26% of my 2021 goal of $34,500.

Source: Unless otherwise noted, all images and charts are from DivGro, the author's blog

DivGro's PADI of $34,702 means I can expect to receive $2,892 in dividend income per month, on average, in perpetuity. This assumes the status quo is maintained. But PADI should increase over time because I invest in dividend growth stocks. Furthermore, I plan to reinvest dividends until I retire, so DivGro's PADI should continue to grow through dividend growth and through compounding.

Dividend Income

I collected dividends totaling $4,459 from 46 different stocks in March, which is a new record for monthly income:

Here is a list of the dividends I received in March:

  • Archer-Daniels-Midland Company (ADM) — income of $111.00
  • Aflac Incorporated (AFL) — income of $33.00
  • Amgen Inc (AMGN) — income of $88.00
  • Anthem, Inc (ANTM) — income of $11.30
  • Atmos Energy Corporation (

This article was written by

FerdiS profile picture
FerdiS invests in dividend growth stocks and writes options to boost dividend income. He manages DivGro, a portfolio of mainly dividend growth stocks created in January 2013. With investment and trading experience spanning nearly 20 years, FerdiS enjoys writing articles about dividend growth investing, options trading, stock selection, portfolio management, and passive income generation. His DivGro blog hosts more than 1,000 posts and a live, public spreadsheet with full details of his DivGro portfolio, allowing readers to follow along in his investment journey. FerdiS is collaborating with the founders of Portfolio Insight, an online platform for portfolio management and investment analysis. Together, we maintain and publish Dividend Radar, a free spreadsheet of dividend growth stocks, on a weekly basis.

Analyst’s Disclosure: I am/we are long AAPL, ABBV, ACN, ADM, ADP, AFL, AMGN, AMZN, ANTM, APD, ATO, AVGO, BEN, BLK, BMY, BNS, CB, CMCSA, CMI, CNI, COST, CRM, CSCO, CVS, CVX, DBX, DIS, DLR, ETO, FDX, GD, GILD, GOOG, HD, HON, HRL, IBM, ICE, INTC, ITW, JNJ, JPM, KO, LMT, LOW, MA, MAIN, MCD, MDT, MMM, MO, MRK, MSFT, NEE, NFLX, NIE, NKE, NNN, NOC, O, ORCL, PEG, PEP, PFE, PG, PINS, PM, PNW, PSA, QCOM, RTX, RY, SBUX, SNA, SYK, T, TD, TJX, TROW, TRV, TSM, TXN, UNH, UNP, UPS, UTF, V, VLO, VZ, WFC, WPC, XEL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (24)

@FerdiS I always enjoy reading your articles. Take a look At $IRM and $MPW, both REITS. I own 1,000 shares of each. Bought both of them several years ago. They have a nice dividend. Regards, Tom
Thank you Mr FerdiS for a great analysis. I started my stock market journey this year after I read your article here. Much appreciated your hard work ! If I can ask, can you please share how old are you? My dream is to gain fin. independence in 10 years and just wondering how young you were when you started your portfolio. Thank you so much !
FerdiS profile picture
@Mentalist777 -- thanks for your note and congratulations on starting your stock market journey! Be patient and work diligently at increasing your portfolio... you may find that it would take longer than 10 years, but that doesn't mean you shouldn't aim to reach financial independence in 10 years!

I don't think knowing my age will help you in any way. I started investing in the stock market in Dec 2002 and adopted the strategy of dividend growth investing in 2013.
@FerdiS :The Mentalist is actually asking a pertinent question. Your perspective as a hipster (Bitcoin, etc) will differ greatly from that of an old man (utilities, preferreds, etc). I'm in the latter category, but your investing philosophy will change over time, like everything else in life. I started investing in the early 1980s when I was in the early 30s, investing solely in growth issues, mostly with no dividends. As time marched on, my portfolio became one with zero pure growth names and a generous helping of utes, REITs and CEFs.
Dear Ferdi,
Just completed reading your article and noticed that I own 12 of the same stocks. Secondly, its clear that your portfolio comprises of only common stocks and I assume some cash. On the other hand my portfolio comprises of 50 common stocks, 20 preferreds,10 bonds, 2 mutual (Small Stocks & Emerging Mkts) funds and of course some cash. I did this in an attempt to both diversify and balance the portfolio. The question I would like to ask why construct the portfolio of only common stocks?
Keep in mind I already know you are a Div. Growth Investor.
FerdiS profile picture
@cunhajose -- thanks for your note.

My wife and I own mutual funds in 403b and 401k accounts, respectively. Some of those funds invest in a mix of stocks and bonds. I don't manage those accounts actively nor do I consider them to be part of my DivGro portfolio.

I don't own preferreds, bonds, ETFs, or mutual funds in my DivGro portfolio. However, I do own 3 CEFs in DivGro, as disclosed at the end of my article.

I don't particularly like mutual funds due to the associated fees. I know too little about preferreds or bonds to invest in them confidently. Both have quirks that I find unattractive (bonds: debt holder, limited upside, lower yield; preferreds: low liquidity, multiple offerings to vet, convertibility/callability, etc.)
buddyrow4 profile picture
FerdiS profile picture
freebird588 profile picture
Thanks, FeDis.:)
FerdiS profile picture
Nate the Great profile picture
FerdiS - always a favorite monthly read....keeping up with Ferdi! $CSCO and $PM are tough stocks to have assigned, but I assume you get used to it. I hate letting them go so much that I've only allowed one to get called away in four months! That was GM, and I was OK with it because of their lack of a dividend. But buying back others has eaten into my Covered Call gains pretty badly. I need to learn to be OK with letting things go...
FerdiS profile picture
@Nate the Great -- thanks, I appreciate the kind comment!

I certainly don't like being assigned. But, as the article points out, the equivalent options yield was much higher than the dividend yield. So not a terrible outcome at all. Now I can sell puts to going forward... I just need to ensure I get at least the equivalent of the dividends and wait for an assignment again...
horowitzcpa profile picture
@FerdiS perhaps the one author on SA who’s not hawking anything. Well done sir!
FerdiS profile picture
@horowitzcpa -- I appreciate your kind comment, thanks and happy investing!~
always interesting n informative ty
FerdiS profile picture
Thanks! Appreciate the comment!
waynor profile picture
Keep up the good work!
FerdiS profile picture
Thanks, I'll try my best!
Any one starting on the DivGro path, follow FerdiS and emulate his/her stock picks. That is all you need to do.
FerdiS profile picture
@jobugs -- thanks, I appreciate your kind endorsement! Though I'd advise individuals to borrow from me and from other DGI investors, figure out what works and what does not, and "individualize" an approach for themselves!
"figure out what works and what does not"

That takes a decade. Or three.
FerdiS profile picture
@jobugs -- well, perhaps, but if you borrow ideas and work them into your own strategy, I think that can be done in less time. I started with Dividend Growth Investing in 2013 -- although I'm still learning, really!
Very well written and informative article, Thank you.
FerdiS profile picture
You're welcome, I appreciate your kind words!
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